Data Storage Corp (NASDAQ: DTST) stock closed at $7.54 on 3/21/24 after a major increase of 15.1%. Moreover, exceptionally high trading volume at 303% of normal accompanied the advance. The stock has risen 13.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DTST’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a Value Eraser.
Data Storage has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Data Storage has a poor Appreciation Score of 15 but a very high Power Rating of 92, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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